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Bank, Tech Stocks Advance

Dow Jones Newswires

Updated Oct. 3, 2000 12:55 p.m. ET

LONDON -- A strong performance in the banking and technology sectors buoyed British shares Tuesday.

The Financial Times-Stock Exchange 100 Share Index closed up 60.5 points, or 1%, to 6345 on volume of 1.4 billion shares. Bank stocks were largely responsible for supporting the index throughout the session as further talk of consolidation excited investors.

HSBC closed up 25 pence, or 2.6%, to 985 pence on news the bank would...